Dangote submits paperwork to build “biggest, deepest” port in Nigeria

Dangote Submits Plans to Build Nigeria’s Deepest and Largest Seaport

A New Maritime Ambition
Africa’s richest man, Aliko Dangote, is setting his sights on a new frontier: a massive seaport that could become Nigeria’s deepest and largest yet. In late June, the Dangote Group submitted a proposal to regional authorities in Ogun State for the construction of a new port in the Olokola Free Trade Zone.

Strategic Location for Export Growth
The proposed site in southwestern Nigeria is strategically positioned to support Dangote’s wide array of businesses. The conglomerate operates across various sectors, including fertilizer, petroleum, liquefied natural gas, and cement. With exports playing a critical role in the group’s long-term plans, the new port is expected to enhance logistics efficiency and global trade access.

Reviving Olokola Free Trade Zone
The new plan revives the Olokola Free Trade Zone, a coastal project once considered a cornerstone of industrial development in Ogun State. Dangote had initially planned to build his fertilizer and petrochemical plants within the zone. However, unresolved disputes with the former state administration led to the project being shelved. As a result, the industrial facilities were relocated to Lekki, near Lagos.

Infrastructure for Industrial Expansion
If approved, the proposed port would serve as a vital outlet for Dangote’s major manufacturing operations. It would significantly reduce transportation costs and congestion at existing Nigerian ports, particularly Lagos, where Dangote currently exports most of his products. The new facility would also complement the nearby Dangote Refinery and Fertilizer Complex, among the largest of their kind in Africa.

Biggest and Deepest Port Vision

Details of the construction proposal indicate ambitions to develop not only Nigeria’s largest port by capacity but also its deepest. This would allow the port to receive and service large container ships and bulk cargo vessels, which are currently limited to a few select terminals in Nigeria due to draft restrictions. The port’s capabilities could position Ogun State as a new maritime and industrial hub in West Africa.

Awaiting Government Approval
At present, it is unclear whether Ogun State authorities have accepted the Dangote Group’s proposal. Local government officials have not issued formal statements, and negotiations may still be ongoing. Industry analysts suggest that the state could see significant economic benefits, including job creation, increased trade, and improved infrastructure, if the project is approved.

A Step Toward Economic Diversification
The proposed port aligns with Nigeria’s national ambitions to diversify the economy away from oil dependence. Expanding the country’s seaport infrastructure is essential to supporting manufacturing, agricultural exports, and foreign investment. With private sector players like Dangote leading the way, the development of world-class logistics infrastructure could accelerate economic transformation.

Reviving Confidence in Public-Private Partnerships
The renewed push for Olokola may also signal improved collaboration between Nigeria’s private sector and state governments. Previously failed negotiations had undermined investor confidence in the region. However, the revival of talks with Dangote’s group could help restore optimism about Ogun State’s potential as an investment destination.

Economic and Environmental Considerations
While the economic benefits of the proposed port are clear, environmental concerns are also likely to be part of the evaluation process. Coastal developments in Nigeria must meet regulatory standards to protect marine ecosystems and avoid displacing coastal communities. Environmental impact assessments will likely be required before construction can begin.

What Comes Next?
As the Dangote Group awaits a response from Ogun State authorities, industry stakeholders will be watching closely. If approved, the port could redefine regional trade routes and elevate Nigeria’s global shipping profile. For now, all eyes are on the government’s decision and the potential rebirth of the Olokola Free Trade Zone.

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